The Ministry of Finance issued and implemented preferential income tax policies for small and micro enterprises
The Ministry of Finance recently issued an announcement on the further implementation of preferential income tax policies for small and micro enterprises, proposing that the annual taxable income of small and low-profit enterprises exceeding 1 million yuan but not exceeding 3 million yuan should be included in the taxable income at a reduced rate of 25%. Pay corporate income tax at a rate of 20%.
New policy for end-of-period value-added tax refund
The Ministry of Finance and the State Administration of Taxation jointly issued the "Announcement on Further Strengthening the Implementation of the VAT Refund Policy", which will come into force on April 1, 2022. The "Announcement" clarifies that the policy scope of the advanced manufacturing industry to fully refund the incremental value-added tax credits on a monthly basis will be extended to eligible small and micro enterprises (including individual industrial and commercial households), and the existing small and micro enterprises will be refunded at one time. Increase "manufacturing", "scientific research and technical services", "electricity, heat, gas and water production and supply", "software and information technology services", "ecological protection and environmental governance" and "transportation" "Transportation, warehousing and postal industry" value-added tax refund policy at the end of the period, expand the policy scope of advanced manufacturing industry to fully refund the incremental value-added tax credits on a monthly basis to qualified manufacturing enterprises (including individual industrial and commercial households) , and a one-time refund of the remaining tax credits of enterprises in manufacturing and other industries.
VAT small-scale taxpayers exempt from VAT
The Ministry of Finance and the State Administration of Taxation jointly issued the Announcement on Exempting Small-scale VAT Taxpayers from VAT. The "Announcement" proposes that from April 1, 2022 to December 31, 2022, small-scale value-added tax taxpayers will be exempted from value-added tax at a taxable sales income of 3%; For VAT items, prepayment of VAT will be suspended.
Implementation of measures to reduce and merge port charges
On February 24, 2022, the Ministry of Transport and the National Development and Reform Commission jointly issued the "Notice on Reducing and Merging Port Charges and Other Relevant Matters". It has formulated measures such as incorporating port facility security fees into port operation contract fees, directional reduction of coastal port pilotage fees, and expansion of the scope of ships for which ships can independently decide whether to use tugboats, which will be implemented from April 1, 2022. The company's logistics costs will promote the optimization of the port business environment.
Implementation of "Administrative Measures of the People's Republic of China Customs Comprehensive Bonded Zone"
The General Administration of Customs has issued the "Administrative Measures for the Customs Comprehensive Bonded Zone of the People's Republic of China", which will come into force on April 1, 2022. The "Measures" optimize and expand the scope of production and operation of enterprises in the comprehensive bonded zone, and support the development of new business forms and new models such as financial leasing, cross-border e-commerce, and futures bonded delivery. Add provisions on selective collection of tariffs and pilot programs for general taxpayers of value-added tax. It is clarified that the solid waste generated by enterprises in the zone that has not been re-exported shall be managed in accordance with the relevant domestic solid waste regulations. If it needs to be transported outside the zone for storage, utilization or disposal, it shall go through the procedures for leaving the zone with the customs according to regulations.
Post time: May-26-2022
